I usually sit in the back round and just observe the group, but think I
feel like I would like to weigh on this matter.
We have been here for four years. In that time frame many properties
have more than doubled. It would be my advise to buy and do such as
quickly as you can. Not saying this as a real estate company, just as
our personal experience. There are plenty of sellers that will finance
the purchase and even at higher end interest rates you will end up
ahead in regard to your investment. Ideally , if you do not have the
cash, you may wish to consider two other options.
One would be to get a home equity up there while interest rates are low
and the other would be to use some 401K or IRA money that you have
stashed. This is a very legal and, (though a bit longer to get the deal
done), way of investing in a place that you can vacation in, rent out
and contribute the proceeds into your future retirement stash.
Traditionally caribbean real estate evaluates 15%+ a year. More if you
buy right. More if you are Roatan and buy right.
Members of the Roatan Multilist Service, Roatan Realtors Assoc. and the
Honduran Realtors Association.
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On Friday, January 30, 2004, at 09:50 PM, davidborton wrote:
>>>> Is land appreciating in value very fast or can a
> person wait for a year or two. We liked the West end of the island.
> Is this a good location . . . >>>
> The questions you ask are right on the mark but at the very nature
> of it is speculation. . . If we all knew, we would act. Those that
> act and are right, succeed. The rest of us keep our day jobs.
> I would only speak to my impressions (as opposed to knowledge that
> island residents on this board can provide) - - Roatan will not
> remain under the radar much longer.
> All those day-cruise visitors? You think their curiosity isn't
> piqued. They aren't making any more beach, anywhere in the world.
> I see Wyndham's commitment to building on Roatan as pivotal and a
> of the impression I left the island with last Winter. Land values
> are going one way and one way only -- up.
> Dave Borton
> A Complete Self-Planning Guide to Honduras Vacation
> Printer at MyInks.com. Free s/h on orders $50 or more to the US &
> To visit your group on the web, go to:
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